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  1. After split with eBay, PayPal to focus on digital payment processing

After split with eBay, PayPal to focus on digital payment processing

After parting ways with e-commerce marketplace eBay globally, PayPal — the digital payment provider — is focusing on core strength area of payment processing in India.

By: | Updated: July 28, 2015 11:31 AM

After parting ways with e-commerce marketplace eBay globally, PayPal — the digital payment provider — is focusing on core strength area of payment processing in India. The company plans to hire people and scale up technologies to facilitate expansion in payment processing.

Speaking to mediapersons on Tuesday, Anupam Pahuja, general manager, technology, PayPal APAC, said parting ways with eBay was a happy one and re-listing of the company on Nasdaq was significant. He said now, the company would be focusing only on digital payment sytem processing. “The listing on Nasdaq, PayPal’s vision as an independent company and the role of the India technology centres in reaching this milestone are important developments,” he said.

PayPal has 1,300 people working ar its technology centres in Chennai and Bangaluru, and India has 10% of the company’s total workforce. “Chennai centre is the largest one outside PayPal’s headquarters. A slew of software used by 8,000 customer relations staff across various geographies have been developed at this centre only,” he said. PayPal will hire 100 staffers every year. “This year’s hiring process has undertaken and the new recuits will join by next year,” he said.

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